I interpreted the "Cloudbreak wet front end..." reference to mean the 2nd ore processing facility at cloudbreak/chichester will be operational and moving product to port (wet) by end of Sept quarter. Stress, my interpretation only.
Back to ioh, and another factor which may be impacting and reason for - a. flat share price since mid April/May b. suspension of buy back, is that ioho oppies excercised in April last year are now 1 year old. Some might be selling a small few for a little cash and a tidy 23% profit.... :).
Can't see any movment other than sideways/down until we get news and/or clearer direction. This is my opinion, not down ramping.
Additionally, the general climate (both politically and economically), and market sentiment aren't exactly inspiring me to buy anything at present...
Happy to hold and wait. Good luck to all.
Cheers, Mac
Please dyor
IOH Price at posting:
$1.33 Sentiment: LT Buy Disclosure: Held